Fidelity Nasdaq Composite Index ETF
ONEQ
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 1, 2003
- CIK
- 0000205323
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity Nasdaq Composite Index ETF (ONEQ) is a passively managed exchange-traded fund that seeks to provide investment returns corresponding to the price and yield performance of the Nasdaq Composite Index, a market capitalization-weighted index representing Nasdaq-listed stocks across diversified sectors; it employs statistical sampling techniques to replicate the index by investing at least 80% of assets in common stocks included therein, with a portfolio comprising approximately 1,021 holdings, heavy concentration in information technology (47.8%), communication services (15.2%), and consumer discretionary (14.6%), and top holdings including Apple Inc. (11.8%), Microsoft Corp. (9.9%), and NVIDIA Corp. (9.4%). The ETF offers investors broad exposure to large-cap growth and value stocks, both domestic (95.7% of assets) and international (4.3%), spanning growth-oriented technology leaders, emerging digital businesses, and established firms in healthcare, industrials, financials, and consumer sectors; it targets institutional and retail investors seeking Nasdaq market performance with a low expense ratio of 0.21%, low turnover (5% as of November 2024), and a 30-day SEC yield of 0.51%. Launched on September 25, 2003, and domiciled in the United States, ONEQ trades on the Nasdaq exchange and is issued and managed by Fidelity Management & Research Company LLC (FMRCo), with co-management by Geode Capital Management, LLC, under Fidelity Investments, headquartered in Smithfield, Rhode Island. In recent years, the fund has experienced substantial asset growth to over $9 billion in assets under management as of late 2025, fueled by strong performance including 29.4% returns in 2024 and cumulative net inflows reflecting heightened investor interest amid Nasdaq's technology-driven rally; institutional holders such as American Trust, Private Trust Co. NA, and RMG Wealth Management LLC initiated or expanded positions in the second quarter of 2025, signaling sustained demand, while Fidelity's broader ETF platform expansion—including launches of active strategies like the Fidelity Managed Futures ETF (FFUT) in June 2025—has elevated ONEQ's profile within a lineup exceeding $111 billion in AUM, though no specific acquisitions, partnerships, or structural changes directly impacted ONEQ itself.